Patrick Sudlow's blog

The economics of courage – OECD Observer

The bailing out of the failed banks, we were told was a necessity. This was total nonsense, and by bailing out the failed banks, they rewarded failure, incompetence and corruption. And Governments are still bailing these banks out whilst cutting back on providing a welfare state. Even the Co-op Bank, forgot it’s mutual roots and tried to play the ‘Big Bank’ and is also a failed bank. We need to move away from a consumer society that is rapidly consuming its own ability to exist. Dramatic climate change and financial collapse are just around the corner.